Lalit Modi to be axed soon: sources

Following the twitter-gate imbroglio which manifested in the minister of external affairs, Shashi Tharoor resigning, sources close to the BCCI told news channel NDTV that IPL Commissioner and Chairman Lalit Modi is likely to be sacked from his post and action against him is likely at the IPL governing council meeting to be held soon.

According to sources, BCCI president Shashank Manohar is likely to take over as IPL chairman.

Modi will face charges for arm-twisting the franchises. Tharoor had alleged that Modi delayed signing the Kochi tender for a month.

Meanwhile, the Income Tax Department has sent summons to the BCCI seeking details of the IPL franchisees. The Enforcement Directorate (ED) has set up eight teams to probe foreign exchange violations by IPL. The ED will also investigate transactions and flow of IPL funds.